Transcripts For FBC After The Bell 20160527 : comparemela.co

Transcripts For FBC After The Bell 20160527

Of government at failure at veterans affairs, thousands of living vets, declared dead, losing benefits, which they rely on. A vet said the v. A. Has done this to him not once but twice. David what a lineup, but first back to market dow 30 ending mostly in green lead by verizon, visa and unite unitedhealth. Phil flynn is watching from the cme and adam shap peer shapiro on the floor of the new york stock exchange. At first stocks started to selloff to negative territory, but, most investors and traders had already prides in a potential increase in june or july, you saw stocks rebound, then, dow closed up about 43, today, s p 500 was up 8. And nasdaq up as well almost 29 points, here is the deal, volume has been light, not only today but all week, on the echange, down a bit. This may not be quite as positive you might think looking at some stocks at least where indexes has ended fors week, dow up about 2 , and s p 500 up 2 , nasdaq up 3 . A stock that did well today, big lots, the discounters are doing great. Yesterday it was dollar tree, big lots earnings respect better than was better than expected. The flip side luxury retailers not doing so well. Thank you. Melissa thank you, phil, oil ending week she was 50 a barrel, how high do you think it will go coming up in. Good morning, right now oil prices are i think well see 60 by july 4, we saw more evidence that this market is in trouble on the production side. Not only do we see u. S. Rate counts at lowest level since october of 2009, falling by two, we saw a major bankruptcy in the energy space. Hercules energy, hercules drilling, hero, offshore drilling they declared bankruptcy. This is not a bankruptcy of restructuring they are selling off their assets that means product distraction that is a thing in marketplace that weve been worried about. Other thing is janet yellen, is she raising rates . Actually weighed on prices a little bit today. But it also weighed on gold prices, goal prices continue gold prices continue with a losing streak, with strong dollar, fear raising Interest Rates, even concerns that venezuela will ctinue to sell gold, to meet some of their financial problems it has been an incredible week with energy, momentum is higher, i think we take out 50 next week we could see 6 by 4th of july. Melissa is it morning in chicago or are you just in need of a long weekend. I dont know what time zone i am in, i was talking to australia yesterday, it was today, i am so confused. David well let it go. Im not like that. David janet yellen, saying a rate hike is likely on the way. I have said this in the past, i think for the fed to gradually and cautiously increase our overnight Interest Rate overtime, and probably in the coming months, such a move would be appropriate. David markets plunging initially on those comments. Then they came on, what is going on . Scott, did the market come back because they done believe janet yellen . Or because maybe they priced it in already . Good afternoon to you david, i am in central time zone. But, you know, here is the situation, on this. Janet yellen, you know she is very much of a dove, the fed is probably not going to do much here, our bet has been that highest probability, is in december. That is still what our fixed income team thinks. But probability is not zero in june or july. Really for me, where the market close today, the market is saying to me, well give of fed one here. But when they do that, if they say well hike a couple times more, that is a problem. David all right. Our call is one hike this year. Certainly could happen over course of jub june meeting. David we should mention, yellen did not say there was going to be one in summer she said in months, particular be two months or 12 months. I dont think that market, cares about one incremental rate hike so long 92 the they did about the last one. That got the ball rolling, so long as it is acompanynied by reasonably good news on the economy, i dont think it would do much damage on stocks, barons cover story this week examines whether a market crash is likely now. David who . Nice plug for barons. I get a nice check from the editor every time i mention them. Melissa robots not taking your order at mcdonalds any time soon, the ceo does not think that robots would put workers out of jobs, were in a service, well always have an important human element. Jack do you believe him . Or just saying what he needed to in order to be popular . Not upset people . I think that is working for mcdonalds right now, going not upscale but making it a little bit better, they have a chicken sandwich that is a big hit, it is a little bit of an improvement. I think they are going one by one items to menu, look to upgrade them, i think nuggets are next, you heard it here first. That is my prediction. Melissa how do you upgrade nuggets . Make them look like chicken. But mcdonalds, the last thing they need to do is a race to the bottom on wages, on workers, they are looking after a long period of focusing too much on dollar menu, to focus now on customer more money in pockets. Melissa you could raise the wage for worker that is standing out front and taking the order event though most of the time they get it wrong, and you have a robot in the back doing the cooking. This is what worries me about this 15 minimum wage, you will not have people in the fronts, you walk in, swipe your card, say i want a number two, super size it, push a button there are three guys in the back not 20, they crank it out on a conveyer belt, you eat it there or walk out with it, that is what worries moo me about push on minimum wage. I think that companies will ouwill utilize technology it is there right now. Look at Grocery Stores, you know, that is why the Grocery Stores have selfcheckout lines, it is expensive to carry people with higher wages than really the margins can really, take. David lets keep it on food, barbecue stocks getting a boost, barbecue season kicks off, you may be able to save money this summer, jack, you dont look like a vegetarian. What does that mean . Melissa what does that mean. David i cant imagine a person your frame. Have you never seen a chubby vegan. David beef prices are coming down, pork price are coming up but that is great news about beef. It is good news, if i were a sort of by to enjoy a hamburger. David come on, nobody believes you are a vegetarian. I had one last night, it ised if news for people like he, but terrible news if you are trying to sell john deere tractors, what is driving the beef prices down, cheap corn, cows in business of turning corn to meat, the corn prices are low, th, low corn prices. David this is a relationship with the dollar too, Commodity Prices get hurt is there a relationship there . I think this is a relationship their. You know on agricultural prices, you know a little bit different, you know, as someone who comes from an agricultural family, you are looking at what is the weather been in argentina, and brazil. What is you know how much, you know how much foreign beef are reselling, i think that dollar is related but to me, this is you know i am not a commodity expert, to me it is related to other commodities other than the agricultural commodities. David steak is cheap, and economy is doing great, i am a very simple guy, have a Great Holiday weekend. Thank you. Hav have a great one. Melissa does using your cell phone cause cancer . The results of a new study. David a very worrisome study. Meanwhile, slamming Hillary Clinton over the use much a personal email server. Is the media now turning against her. Huey kurtz with his take. Melissa president obama claims that foreign leaders are rattled by donald trump, it may be all changing. Mike huckabee weighs in. You rat e rattle someone that is good, many of the world as you know, countris in our world our beautiful world have been abusing us. [ male announcer ] Tora Bora Fallujah argonne khe sanh midway dak to normandy medina ridge the chosin reservoir these are places history will never forget but more important are the faces we will always remember. But more important are the faces weokawhoa ady . Remember. [ explosion ] nothing should get in the way of the things you love. Get americas fastest internet. Only from xfinity. David donald trump feeling california love, and a little aversion as well. Arriving this afternoon, trump wasted no time, going on the attack against Hillary Clinton. Really hard for me to watch her, honestly, it is very boring, she lies so much he said last night, so many things. Donald trump wants to see japan get nuclear weapons. I never said that. Donald trump wants to see germany get nuclear weapons. He wants to see south korea arm themselves. I never said that, i never said close to that. About a thousand Union Protesters making their way to doing Convention Center where trump is to speak shortly, sarah palin is one of the opening actions for the show, she is as feisty as usual. He is now though he is now, we the peoples nominee so suck it up cupcake [cheers and applause] melissa president obama blasting donald trump on the worlds stage, he claims foreign leaders are quote rattled by the billionaire. They are rattled by him, for good reason. A lot of the proposals he made display either ignorance of World Affairs or a cavalier attitude. Melissa trump, sees that as a compliment, listen. If they are rattled in a friendly way well have great relationships, but if they are rattled in a friendly way that is a good thing. Melissa there you go. Now that trump is Party Presumptive Nominee the World Leaders are shifting to a more peaceful tune. Here now former arkansas governor mike huckabee, former president ial candidate, in i have to short en that title, i am tripping on it welcome, sir. Let me ask you, folks in world softening their tone now . They see what could be coming down the pike is that seem like it to you . I think so, i think also, president obama certainly had not rattled any of these foreign leaders they own him. They own him. I mean, putin can fly fighter jets 30 feet above an american destroyer, the iranians can take sailors hostage, put them on their knees and hands. Behind their back, we can ignore anything that obama says about a red line in syria, no one takes him seriously. Ia. Agree with donald trump, if they are rattled, good for them, i dont give a rats rear if it unsettled from foreign leaders that donald trump the be president , i care about they will have a respect for them, they know he is not going to be the push over that they are used to having for 8 years. Melissa is it respect . Let me bedevi be def be the devils advocate. Not as easy to manage as president obama has been where he does not stand up to others. Is it respect . Or would they be worried they would feel he is a loose cannon . That is what they said about ron also reagan in 1980, they said ro Ronald Reagan he is an uncontrolled cowboy he will just push buttons, he is dangerous, Ronald Reagan is one of the best president s this country had, he brought a new level of respect back to america. I think that donald trump has though same qualities, she not going to be so predictable, i mean, boringly predictable where foreign leader can push him around, they know with obama he will not do anything about it. With trump, they are not sure. And frankly that is what you want in a leader, somebody who is not been figured out, by the other side. Melissa it can be a good them thank you governor appreciate your time, and statements. You bet. David talk about failure of big visit, v. A. Failing thousands of veterans and cut off their benefits, congressing up mike riker, a veteran who has been declared deceased twice by the v. A. , cutting off his benefits twice. And coming up, stov steve forbes. If you take multiple medications a dry mouth can be a common side effect. Thats why theres biotene. It comes in oral rinse, spray or gel, so theres moisturizing relief for everyone. Biotene. For people who suffer from a dry mouth. Trump economics is a recipe for lower wages, fewer jobs more debt, he could bankrupt america like he has bankrupted his companies. David did hillary really try to make the case this week he is better at business than donald trump . Steve forbes is joining us. Could hillary make that sale, somehow she is in a better position to judge Good Business sense as he is. She has as much cred bill tie there as she does on email and servers, the clinton survived by donations, trump with real customer. David put up numbers job creation, trump versus clinton. 22450 jobs, Clinton Foundation 486. No comparison. No comparison that is what you get with barack obama. Who water boarded the economy for last 8 years, she has given no indication she will change it for next 4 years except make it worse with higher taxes. She said a few weeks ago she would have her husband run the economy. I now the that the president is in charge of the economy. I guess bill will be temporary economic czar, that tells you all you need to know compare 90s with 8 years of barack obama. Bill clinton said last 8 years have been miser able, he was right. David and you have gdp numbers. It was. 8 , that is how much the economy is. Like, revising a batting average from. 200 to. 210 that is not getting you the world series. And tax policies with donald trump and Hillary Clinton, also regulatory policies, Heritage Foundation came out with a study putting a price tag for business, how much it costs businesses to adhere to regulations under obama administration, 100 billion a year, that is how much is taken out of private sector to day for obama regulations. Regulations are a form of taxation, especially when they have nothing to do with business, these regulations are also damaging the whole economy. You think i are a typical citizen, if you go to a federal park and your leash for your dog is longer than 6 feet, you can be sentenced to 6 months in jail, that is a felony federal offense that is the crazy stuff we have in washington. David 100 billion a year, how soon can they be unwon donald trump saying, as soon as i am president i am unwinding these regulations, is it that quick a process. Yes, two things he can repeal most of the executive orders of barack obama that will lift a huge burden on business but also, sets tone were going in opposite direc direction no longer wages war on prosperity well encourage it. David what a nice change. We need it. David steve forbes and me saturday morning, on fox news networks. Melissa here is live look outside of trump rally in san diego. Protestors are gathering, police out in full force, were keeping an eye on it back there, in case things get out of hand. David it does. Liberal media turning on Hillary Clinton, new york times, of all people, now calling for more cand or from democratic candidate, howie kurtz sounds up next. A Drug Resistance super bug found for first time in the united states. The medicine cabine empty for some patients, the end of the road for antibiotics unless we, urgently. To reach my goals. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes. It should be used along with diet and exercise. 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Howie, you know, i read both editorials backtoback, these papers are not alone, it is just unusual to see home coming outputting out an opinion like this against her on manage she has defended and defended and defended. What do you make of it . I would argue this email issue, more liberal researches have precincts is never given her an easy time, in resents months it was running out of gas, so people said, press is going easy on her. But now with this state department, report, you have anchors like wolf blitzer on cnn and chuck todd on msnbc pressing her hard on interviews and not accepts, well other people did it, it was not that big a deal. Melissa how does that change thing if there is no safe place to go on this narrative. If shows that Hillary Clinton for more than a year has no

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